Am I entitled to demand a percentage of the company or a sum of money in exchange for relinquishing it, should I be removed from it, given that I assigned my trade name to them for a symbolic amount?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Summary of the Answer: If the questioner's role in the institution is limited to using their name or identity to complete official paperwork and sponsor foreigners, then they have no right to a share in the company or to claim sums of money; this is because sponsorship is a contract of donation and not an exchange, unless they expended effort or money, in which case they are entitled to their expenses and a wage for their work. If they expended effort in establishing or expanding the company, they are entitled to a wage for their effort. Issues of dispute and contention are decided by the judge.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/160864
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 160864
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy